Traders Purchase High Volume of Toro Put Options (NYSE:TTC)

Toro Company (The) (NYSE:TTC) saw unusually large options trading on Wednesday. Traders acquired 1,176 put options on the company. This represents an increase of approximately 1,709% compared to the average daily volume of 65 put options.

Insider Buying and Selling at Toro

In related news, Director James Calvin O’rourke sold 4,951 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $99.40, for a total value of $492,129.40. Following the completion of the transaction, the director owned 2,704 shares in the company, valued at $268,777.60. This trade represents a 64.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Richard M. Olson sold 119,400 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $100.15, for a total value of $11,957,910.00. Following the completion of the transaction, the chief executive officer owned 38,186 shares of the company’s stock, valued at $3,824,327.90. This trade represents a 75.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.88% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its position in shares of Toro by 37.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 456,861 shares of the company’s stock valued at $33,237,000 after buying an additional 124,373 shares during the period. SG Americas Securities LLC raised its position in shares of Toro by 416.7% during the 1st quarter. SG Americas Securities LLC now owns 68,455 shares of the company’s stock valued at $6,396,000 after buying an additional 55,206 shares during the period. Campbell & CO Investment Adviser LLC raised its position in shares of Toro by 425.6% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 64,783 shares of the company’s stock valued at $5,100,000 after buying an additional 52,457 shares during the period. TD Private Client Wealth LLC raised its position in shares of Toro by 14,306.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 47,684 shares of the company’s stock valued at $3,634,000 after buying an additional 47,353 shares during the period. Finally, Hillsdale Investment Management Inc. raised its position in shares of Toro by 379.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 55,630 shares of the company’s stock valued at $4,379,000 after buying an additional 44,030 shares during the period. 87.95% of the stock is currently owned by institutional investors and hedge funds.

Toro Trading Down 0.1%

TTC stock opened at $92.67 on Friday. The company has a current ratio of 1.69, a quick ratio of 0.73 and a debt-to-equity ratio of 0.75. Toro has a 12-month low of $65.28 and a 12-month high of $105.18. The stock has a market cap of $8.98 billion, a price-to-earnings ratio of 27.75 and a beta of 0.80. The business’s 50-day moving average is $96.88 and its 200 day moving average is $84.63.

Toro (NYSE:TTC) last posted its quarterly earnings data on Thursday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.65 by $0.09. Toro had a return on equity of 29.60% and a net margin of 7.28%.The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1 billion. During the same period in the previous year, the firm posted $0.65 EPS. Toro’s revenue was up 4.2% compared to the same quarter last year. Toro has set its FY 2026 guidance at 4.400-4.600 EPS. On average, sell-side analysts anticipate that Toro will post 4.41 EPS for the current fiscal year.

Toro Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 13th. Stockholders of record on Monday, March 30th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Monday, March 30th. Toro’s payout ratio is currently 46.71%.

Analysts Set New Price Targets

TTC has been the topic of several analyst reports. Raymond James Financial downgraded Toro from an “outperform” rating to a “market perform” rating in a research report on Wednesday, February 18th. Zacks Research raised Toro from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 20th. DA Davidson raised their target price on Toro from $97.00 to $117.00 and gave the company a “buy” rating in a research report on Monday, March 9th. Robert W. Baird raised their target price on Toro from $100.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, March 6th. Finally, Wall Street Zen upgraded Toro from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 15th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Toro currently has an average rating of “Hold” and a consensus target price of $100.40.

Toro Company Profile

The Toro Company (NYSE: TTC) specializes in the design, manufacture and marketing of a broad range of outdoor environment equipment for residential, commercial and professional markets. Its product portfolio includes lawn mowers, utility vehicles, snow throwers, irrigation systems and landscape maintenance equipment. Toro’s offerings span walk-behind and ride-on mowers, zero-turn radius mowers, snow blowers, sprinklers, drip irrigation products, spreaders and specialty turf maintenance machines tailored to golf courses, sports fields and municipal parks.

Founded in 1914 and headquartered in Bloomington, Minnesota, Toro has built a century-long legacy of innovation in the grounds-care industry.